$950 Closing Credit*
$80,000
960 SqFt
2 Beds
•1 Full Bath
Alex Morlock, Listing Office: Howard Hanna WNY Inc.
Is Fredonia, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Fredonia was a Seller's Market.
Key Takeaway
Fredonia is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fredonia, NY
How much do homes in Fredonia, NY cost?
Median Sold Price
$179,900
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,900(+2.8%)
Key Takeaway
Homes in Fredonia have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Fredonia was $179,900 in November 2024, up 2.8% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98.5K | - | N/A |
| 2 Bedrooms | $112.8K | $132.4K | +17.4% |
| 3 Bedrooms | $172.2K | $184.9K | +7.3% |
| 4 Bedrooms | $180K | $190K | +5.6% |
| 5+ Bedrooms | $231.6K | $180K | -22.3% |
Summary: Fredonia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 22.3%.
Housing Supply in Fredonia, NY
How many homes are available in Fredonia, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 37 | -19.6% |
Summary: The Fredonia real estate market had 37 homes for sale in November 2024, a 19.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Fredonia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fredonia, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Fredonia in November 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Fredonia, NY
How long does it take to sell a home in Fredonia, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 87 Days | +202.3% |
Summary: Homes in Fredonia had an average of 87 days on market in Nov 2024, up by 202.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fredonia has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Fredonia; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
